Peter's Blog

How Government Spending Messes Up the Economy

Virtually everybody agrees that government spending is necessary to support the economy and society in general. We may debate vigorously about what exactly the government should spend money on, but few people will entertain the thought that maybe the government shouldn’t spend money at all. Most fail to even acknowledge that even the best government […]

When They Say the US Government Has Never Defaulted They’re Lying

The fake debt ceiling fight is on and the Biden administration has ratcheted up the scare tactics. One of its strategies is to make you think the world will collapse if the US defaults on its debt obligations. After all, the US always pays its bills on time — so we’re told. A default would […]

Is Gold the Last Freedom Train?

Most people believe the Federal Reserve stabilizes the economy and our money. In reality, the central bank incentivized debt and destroys wealth. Is there a way to sidestep the destructive forces of central banking and fiat money? T.W. Thiltgen believes there is a freedom train we can escape on — gold.

The Minimum Wage Does More Harm Than Good

There is a relentless push to raise the minimum wage, both at the state and national levels. Minimum wage advocates somehow think that their wishful thinking can override basic economics. But no matter how much they tell you otherwise, supply and demand are a thing. Raising the cost of labor will mean less labor employed, all […]

Ron Paul: Debt Ceiling Fight Hysteria and Hypocrisy

Fight! The kids are throwing punches in the halls of Congress and there doesn’t seem to be a responsible adult willing to step in to stop it. We’re talking about the debt ceiling fight that kicked off last week when the US government bumped up against its statutory borrowing limit.

The Federal Reserve Is Not a Bank and It’s Not Independent

We talk a lot about the Federal Reserve. Its policies have a significant impact on the economy and it moves markets week after week. For instance, over the last year or so, the Fed’s “inflation fight” has created headwinds for gold and silver. But what exactly is the Federal Reserve?

You Wanted Stimulus; You Got Stagflation

During the pandemic, we got trillions of dollars in stimulus. The Federal Reserve alone pumped nearly $5 trillion into the economy. People gobbled up those stimulus checks, but there is no such thing as a free lunch. Now we’re paying for those stimmy checks with rampant inflation that is morphing into stagflation. As Peter Schiff has […]

Rising Interest Rates on a Collision Course With a Wall of Debt

Jerome Powell still insists the Federal Reserve can beat inflation while bringing the economy to a “soft landing.” But there are underlying issues in the economy that make it extraordinarily doubtful that the economy can avoid a major downturn – despite Powell’s claims to the contrary. One of the biggest problems facing the Fed is […]

Ron Paul: The Mother of All Economic Crises on the Horizon

For the last several years, we’ve enjoyed the fruits of an economic bubble blown up by easy money and debt. But ultimately, that debt is going to be the economy’s undoing. Simply put, these debt levels are unsustainable without runaway inflation. So, pick your poison.

Are Digital Dollars a Move Toward Monetary Totalitarianism?

Last month, the New York Fed launched a pilot program for a “digital dollar.” Could this be the first step toward monetary totalitarianism?